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Strike averted as submarine designers in Connecticut agree to contract with Electric Boat
The union for about 2,500 submarine designers at Electric Boat in Connecticut, a subsidiary of Reston-based General Dynamics, has tentatively agreed to a new contract with the company, averting a strike that would have begun Monday.
Conservatives block Trump’s big tax breaks bill in a stunning setback
Trump’s tax and spending bill stalls in House as conservatives demand deeper Medicaid and green energy cuts. GOP infighting halts key legislation.
Boeing, trying to emerge from one of company’s most difficult eras, is having a pretty good week
Boeing secures a $96 billion jet order from Qatar and a major deal with Saudi Arabia as Trump visits the Middle East. Boeing stock hits yearly high.
Newark airport delays highlight air traffic controller crisis
Newark airport faces major delays amid controller shortages and failing radar systems. FAA plans tech upgrades and flight cuts to improve safety.
Family of Boeing whistleblower settles lawsuit with aircraft maker over his death
CHARLESTON, S.C. (AP) — The family of a former Boeing quality control manager who killed himself after lawyers questioned him about his whistleblowing on alleged jumbo jet defects has settled a lawsuit against the aircraft maker. Details of the settlement over John Barnett’s death were not disclosed in a court filing[...]
UnitedHealth Group CEO steps down as company lowers, then withdraws financial outlook for 2025
UnitedHealth CEO Andrew Witty steps down amid rising costs. The insurer suspends its 2025 outlook; shares drop 16% after months of instability.
Trump trade war faces legal challenge as businesses, states argue his tariffs exceeded his power
Trump's sweeping tariffs under emergency powers face lawsuits from states and businesses arguing he overstepped constitutional authority on trade.
Inflation cooled again even as some tariffs took effect. But economists don’t expect that to last
U.S. inflation cooled to 2.3% in April, its lowest in four years, despite new tariffs. Economists expect price hikes by summer as trade effects deepen.
Dow jumps 900 and S&P 500 climbs 2.4% following a 90-day truce in the US-China trade war
U.S. stocks are leaping Monday after China and the United States announced a 90-day truce in their trade war. Each of the world's two largest economies agreed to take down most of its tariffs against the other, which economists warned could start a recession and create shortages on U.S. store shelves.
Tariff talks begin between US and Chinese officials in Geneva as the world looks for signs of hope
U.S. and Chinese officials meet in Geneva to ease a growing tariff war, with global trade and economic stability hanging in the balance.
More warning signs emerge for US travel industry as summer nears
Expedia cites reduced U.S. travel demand for its weak Q1 revenue, as consumer confidence dips and tourism from Canada and abroad continues to decline.
Judge pauses much of Trump administration’s massive downsizing of federal agencies
A judge blocked the Trump administration’s sweeping federal job cuts, ruling that major agency reductions require congressional cooperation.
